MOS (The Mosaic Company) appears headed to at least the 21.90 – 22.20 resistance zone. The stock will trigger a long entry on a break above 20.25, which will have taken it above this 60-minute bullish falling wedge pattern. With an attractive dividend yield of just over 3%, MOS will be added as both a Long Swing Trade as well as a Growth & Income Trade setup.
The suggested stop is any move below 19.73 & the suggested beta-adjustment is 1.0. Should the charts of Mosaic as well as most of the other fertilizer stocks begin to firm up, additional price targets will be added to the Growth & Income Trade.